The Blockchain Association for Finance contributes to the evolution of the financial industry by fostering discussions between key players and proposing standards around the use of blockchain. More specifically, it intends to help market participants define ways and tools to securely and efficiently share information leveraging distributed ledger technology. Practically, it also provides general governance and management rules to and among the users of the Wecan Comply platform which allows custody banks and external asset managers exchange information.
Ensure that the Platform is in line with the needs of its Members.
Determine and improve the common standards for the onboarding of notably external asset managers.
Determine and decide on the necessary common development, improvement, additional specification or common functionality of the Platform.
Follow regulatory changes in order to ensure the compliance of the Platform with the laws and rules into force.
Organize workshops with experts and among the Members, notably regarding regulatory developments.
Ensure the Platform continuity as per a service agreement agreed upon between the Association and the Platform’s provider.
" It's an honor to have been appointed as BAF Director. I am pleased to make both my personal experience and Alpha's global capabilities at the disposal of the Association to further support its continuous growth. "
" The Blockchain Association for Finance presents a great opportunity for EAM to evolve into digitalization processes and to stay on top of innovation. A common standard among custodian banks and EAM is crucial in order to maneuver into the complex world of finance and regulations. I look forward to represent EAM views on this constructive subject. "
" I am convinced that the Blockchain Technology will be the key differentiator when it comes to efficiently managing Compliance requirements and ensuring Compliance standards in the future. "
" BAF's mission is to provide governance and management rules for a blockchain-based platform (Wecan Comply - www.wecangroup.ch), aiming at simplifying the sharing of information among, on the one side, banks/securities firms and, on the other side, external asset managers. At a future stage, the platform may also aim at simplifying the sharing of information among all financial services providers, other financial intermediaries, auditors and supervisory authorities. Wecan Comply platform's long-term viability and it sustainability are ensured by the BAF. "
CEO - WecanGroup